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Escaped Income Below ₹50 Lakh? Reopening After 3 Years Is Dead on Arrival: ITAT Quashes NRI Reassessment
Case Law Details
- Case Name
- Mukesh Mohanlal Bhatia Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Mumbai
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Mukesh Mohanlal Bhatia Vs ITO (ITAT Mumbai)
Escaped Income Below ₹50 Lakh? Reopening After 3 Years Is Dead on Arrival: ITAT Quashes NRI Reassessment
The Mumbai ITAT quashed reassessment proceedings against a UAE-based NRI and held that no notice under Section 148 can be issued beyond three years where the alleged escaped income is below ₹50 lakh.
The assessee, a non-resident individual residing in the UAE, had not filed any return in India for AY 2017-18 as no income was claimed taxable in India. The AO later initiated reassessment proceedings alleging unexplained expendit...
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